Asia – Scrap metals processor Loacker Recycling of Austria is to open a subsidiary in Singapore. Loacker Recycling Asia will give the family-owned business what it calls ‘a foothold in the key Asian market’.
Loacker says the Singapore base will enable it ‘to continue processing production waste materials responsibly, and to secure the supply of raw materials’ in what it describes as ‘one of the world’s most important trading centres for secondary raw materials’.
The company’s ceo Karl Loacker comments: ‘We have been doing business with Asia for a long time, but a physical presence there will allow us to build up our network of contacts, meet customers face-to-face and leverage synergies more effectively. We provide the infrastructure that our customers need.’
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